Liquid Flavor Market Segmentation, Growth Factor And Opportunity Analysis till 2022

November 08, 2021: The global Liquid Flavor Market is projected to grow at a significant CAGR during the forecast period. Initially, many flavors are produced in a physical form that is unfit for food applications. Conversion of solid to liquid and solid to various other forms takes place in the post-production process.

Common processes include spray chilling, spray drying, powder adsorption and emulsification. On the other hand, liquid flavors entail use of flavor oil to flavor soft drinks. Flavor oils are immiscible in water as fondants and are to be prepared with an oil-in-water emulsion for dispersion in water.

The key drivers for liquid flavor market comprise change in consumer lifestyle, rise in demand for dessert and pastry and rise in disposable income. In addition, the market also witnesses a rise in quality commitment in the food & beverages sector due to the stringent regulations and business conduct. Liquid flavor market is segmented into type, application and flavor. Type segment includes syrups, creams, fruit & nut sprinkles and fondants.

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Geographical segmentation for liquid flavor industry includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the global market scenario due to rise in demand for cakes, pastries and sugared beverages. Rise in consumer spending capacity is a major reason for market growth.

Asia-Pacific regions are likely to grow at a higher rate due to presence of a well-defined eateries and food supply. Rise in disposable income and increase in consumption of sweeteners, chocolates, cakes and pastries augment the market demand. Population explosion is another factor contributing to enlarged demand. Middle Eastern and African markets are likely to grow at a moderate CAGR due to low-income and low preference for bakery items and carbonated drinks.

The key players in the liquid flavor market include Archer Daniels Midland Company, Cargill Corporation, Barry Callebaut, Olam International Limited, Associated British Foods Plc, AAK AB, Hanan Products, Bake’n Joy, Ingredion Corporation and Tate & Lyle Plc.

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Market Segment:

Global Liquid Flavor Product Outlook (Revenue, USD Million; 2012 – 2022)

    • Organic Flavor Concentrates

    • Flavor Extracts

    • Artificial Flavor Liquids

Global Liquid Flavor Application Outlook (Revenue, USD Million; 2012 – 2022)

    • Beverages

    • Bakery & Confectionery

    • Dairy & Frozen Foods

    • Processed Foods

    • Others

Global Liquid Flavor Regional Outlook (Revenue, USD Million; 2012 – 2022)

    • North America

     • U.S.

    • Europe

     • Germany

     • Italy

     • France

    • Asia Pacifi

     • China

     • India

    • Central & South America

    • Middle East & Africa

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Isoflavones Market Trends, Opportunities, Size, Share, Growth, Analysis and Forecast till 2025

November 03, 2021: Global Isoflavones Market is anticipated to reach USD 50.06 billion by 2025. Isoflavones are a class of flavonoids that prove to be anti-cancerous, anti-oxidant, and anti-inflammatory breast cancer cell suppressors; along with antimicrobial properties. Isoflavones play a key role in maintaining and protecting strong and healthy bones. These are mainly found in soy products and soybeans, legumes, chick peas, and peanuts.

The factors that propel the growth of the isoflavones market include rising demand in numerous applications such as food & beverages, nutraceuticals, dietary supplements, and animal feed and rising health concerns among consumers. Soy based isoflavones helps to avert the occurrence of numerous diseases such as risk of high blood pressure and cholesterol, heart diseases, and kidney diseases.

On the other hand, there are factors that may hamper the growth of the market including side effects such as headache, allergies, migraine, and cramping due to high consumption of isoflavones. Also, factors like easy availability of its alternatives and high cost of soy based isoflavones might restrain the overall growth. Isoflavones industry is anticipated to grow at a significant CAGR of 16.4 % in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Isoflavones industry may be explored by source type, application, and geography. The market may be explored by source type as soybeans and others. The “soybeans” segment led the isoflavones market in 2017 and is anticipated to maintain its dominance by 2025. The key factors that may attributed to the growth of market include easy availability, high nutrition content, and high usage of soybeans.

The key applications that could be explored in the isoflavones industry include food & beverages cosmetics, nutraceutical, and others. The “nutraceuticals” segment led the isoflavones market in 2017 and is anticipated to maintain its dominance by 2025. The key factor that may attributed to the growth of market includes high demand for pharmaceuticals and dietary supplements.

Asia-Pacific accounted for the major market share of the isoflavones in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing demand from the emerging countries such as China and India and high demand for the nutraceuticals segment. North America is anticipated to account for the second-highest revenue share in the market, due to occurrence of numerous market players in the region.

Some of the key players that fuel the growth of the isoflavones industry comprise Archer Daniels Midland Company, Alaska Spring Parma, Alpro, Cargill Health and Food Technologies, Bio-gen Extracts Pvt.Ltd, FujiccoCotd, Frutarom, Guzen Development, Future CeuticalsInc, Koninklijke DSM N, Herbo Nutra, Nutra Green Biotechnology CoLtd, Medisys Biotech Pvt.Ltd, Tradichemand Nutri Science Innovations LLC. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Global Isoflavones Source Outlook (Revenue, USD Million, Volume, Kilo Tons, 2014 – 2025)

    • Soybeans

    • Others

Global Isoflavones application Outlook (Revenue, USD Million, Volume, Kilo Tons, 2014 – 2025)

    • Food & Beverages

    • Nutraceutical

    • Cosmetics

    • Others

Isoflavones Regional Outlook (Revenue, USD Million, Volume, Kilo Tons, 2014 – 2025)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

        • France

    • Asia Pacific

        • China

        • India

        • Japan

        • South Korea

    • Central & South America

        • Brazil

    • Middle East & Africa

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Natural Food Colors Market Key Driven Factors, Scenario, Overview And Analysis Report till 2025

November 02, 2021: The global Natural Food Colors Market size is expected to value at USD 2.50 billion by 2025. The market is subject to witness a substantial growth due to the increasing demand from food & beverage industry, technological advancement in methodology for manufacturing of organic color and growing influence of latest health & wellness trends. Additionally, the development of functional food products & ingredients and the rising need in the end-user market for familiar & organic food colors similar to that of dairy and frozen food products are complementing the market growth in the forecast period.

Globally, the natural food colors industry is predicted to grow at higher CAGR in forecast period, providing numerous opportunities for market players to invest for research and development in the natural food color market. Growing consumer base and increasing per capita income among individuals and improved quality of products are some of the key factors driving the market growth over the forecast period. Moreover, strict laws and regulation regarding manufacturing processes, excessive use of synthetic colors in food products and growing concerns related to their side effects are driving market progress. Increasing adoption in dairy and bakery products and robust growth of beverage industry is anticipated to augment the market expansion in upcoming years.

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The natural food color industry is broadly categorized into four major segments based on the application type such as bakery & confectionery, alcoholic beverages, non-alcoholic beverages, and dairy & frozen products. The non-alcoholic beverages is considered as one of the faster growing segment in the natural food colors market with substantial revenue generation in the last few years. Growing popularity of non-alcoholic beverages segment is attributed to the rise in disposable income and economic development across the globe. The bakery & confectionery segment has also witnessed substantial growth due to the rising demand of product in sauces & salad dressings, chocolates, desserts and bakery products.

The natural food colors industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in food & beverages industry, changing food habits and existence of well-established infrastructure. Asia-Pacific region is predicted to hold a major share in the natural food color market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising personal disposable income, increasing consummation of dairy and bakery products and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the natural food color industry are ITC Co., GNT International B.V., Chr. Hansen A/S, Kalsec, Inc., Naturex S.A., and Sensient Flavors.

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Market Segment:

Product Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

    • Curcumin

    • Carotenoids

    • Anthocyanin

    • Carmine

    • Copper Chlorophyllin

    • Others

Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

    • Bakery & Confectionery

    • Beverages

    • Dairy & Frozen Products

    • Meat Products

    • Oil & fat

    • Fruits & vegetables

    • Food

Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

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Beta-Carotene Market Trends, Revenue Growth, Leading Players And Forecast till 2024

October 29, 2021: Global Beta-Carotene Market is predicted to grow considerably in the years to come owing to the impressive increase in the consumption of beta-carotene in different types of foods. Beta-carotene is also termed as provitam in A is an essential source of vitamin A (retinol) in vegetables and fruits. An antioxidant plays important role in normal human growth, development, and eyesight. Beta-carotene also fortifies immune system of the body and has a strong impact on thymus gland where immune cells are produced.

Beta-carotene also improves the creation of RNA. Beta-carotene market is experiencing growth due to increasing health issues and augmented importance of the vitamin source, rising inclination towards unadulterated ingredients, and high demand from developing regions is projected to drive overall market in the coming years. On the other hand, excessive consumption of beta-carotene can adversely affect human body and high cost of supplements may restrain overall market growth in the years to come.

Beta-carotene industry is categorized on the basis of source, type, application, and geography. In terms of source, the market is divided into carrots, pumpkin, sweet potato, and spinach and plums. Carrots provide more beta carotene as compared to others, due to which the segment is expected to register maximum growth in future. On the basis of type, the market is divided into oil soluble and water soluble beta-carotenes. Owing to high implications, water-soluble beta-carotenes are expected to lead beta carotene market in the coming years.

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Based on application, beta-carotene industry is split into supplements, food & beverages, feed and cosmetics. Beta-carotene is extensively used in providing color to foods and beverages, due to which, the segment is estimated to lead beta carotene market in the years to come. Food and beverages segment is further categorized into dairy products, bakery and confectionery, processed food soft drinks/juices, and infant food. In terms of revenue, bakery and confectionary, followed by processed foods contribute majorly to the market.

Geographically, beta carotene industry is segmented as North America, Europe, Asia Pacific, and Middle East & Africa. Owing to large number of players, Europe is predicted to hold larger market share of beta-carotene. The major players in beta-carotene industry include BASF and DSM, Phytone, Valensa International, Kemin Industries, Cyanotech Corporation, Overseal Natural Ingredients, Algatechnologies, LycoRed, Mera Pharmaceuticals, Sensient Technologies, and Pharmline.

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Market Segment:

Global Beta-Carotene Source Outlook (Revenue, USD Million, 2014 – 2024)

    • Algae

    • Fruits & Vegetables

    • Synthetic

    • Others

Global Beta-Carotene Application Outlook (Revenue, USD Million, 2014 – 2024)

    • Food & Beverages

    • Dietary Supplements

    • Cosmetics

    • Animal Feed

Global Beta-Carotene Regional Outlook (Revenue, USD Million, 2014 – 2024)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

        • France

    • Asia Pacific

        • China

        • Japan

        • India

    • Central & South America

    • Middle East & Africa

Get in touch

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Energy Drinks Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2025

October 14, 2021:The global Energy Drinks Market size is expected to value at US$ 84.80 Billion by 2025. The energy drinks industry is subject to witness a substantial growth due to the rise in health consciousness, changing food preferences and hectic lifestyle. Energy drinks provide an instant energy alongside mental and physical stimulation. These factors are driving large consumers towards flavored energy drinks, leading to substantial market growth, in the recent years.

Energy drinks commonly consist of caffeine, which is vital in creating both mental and physical stimuli. Taurine is also majorly found in energy drinks, which is essential for cardiovascular function and skeletal muscle development. Globally, the energy drinks market is predicted to grow at CAGR of 7% in forecast period, providing numerous opportunities for market players to invest in research and development in the energy drinks industry.

Factors such as increasing health consciousness, busy lifestyle and growing competition among industry players are spurring demand of the energy drinks in both developing and developed economies across the globe. Growing popularity of energy drinks among young population and aggressive marketing strategies adopted by market players to increase consumer base is expected to fuel market growth in the North American region over the forecast period.

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Increasing consummation of energy drinks for athletes is considered as one of the critical factors responsible for the sustained market growth, in the recent years. Energy drinks is increasingly becoming a status symbol for the youth, in today’s generation. Due to which robust growth is largely observed in the last couple of years. Increasing demand for energy drinks from urban areas are expected to favor market growth in upcoming years.

Furthermore, growing demand of the mild alcoholic beverages by mature economies coupled with increasing number of party goer’s are predicted to drive demand for the energy drinks in the upcoming years. Energy drinks that mostly contains alcohol around 2% to 5% by volume has witnessed increasing demand form developed economies such as U.K., Australia, the U.S., and France.

Energy drinks are widely known to reduce muscle fatigue, aids in the mental process, and heals to protect heart health. Such benefits are expected to drive more consumer towards energy drinks in the forecast period. However, lack actual scientific evidence to prove benefits of energy drinks claimed by manufactures and shifting trends towards organic food beverages are predicted to restrain market potential to certain extent over the forecast period. Yet, changing food preferences and increasing demand from sports industry are anticipated to boost market value for energy drinks in near future.

In addition, higher consummation of the energy drinks may cause health risks that includes loss of sleep, frequent urination, and unsynchronized heart rhythms. Such factors are estimated to limit market growth in the upcoming years. Although, lowered prices and substantial efforts made by private players to limit health risks associated with consummation of the energy drinks are expected to drive market growth over the forecast period.

Caffeine is considered as one of the primes ingredient of the energy drink, which largely influential in regaining energy and increasing their stamina. Rise in the personal disposable income and hectic lifestyle are expected to drive the market growth over the forecast period.

The energy drinks market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the larger consumer base and existence of prominent industry players in the region. Asia-Pacific region is predicted to hold major market share in the energy drinks industry with massive growth in forecast period.

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Countries such as India, China and Singapore are leading the Asia-Pacific’s market with substantial development of retail sector, growing popularity of sports, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the energy drinks market are Red Bull GmbH, PepsiCo, Inc., Monster Energy, Rockstar Incorporations, Taisho Pharmaceutical Ltd., Amway Global Co., and Coco Cola Company.

Market Segment:

Product Outlook (Revenue, USD Billion, 2014 – 2025)

    • Alcoholic

    • Non-Alcoholic

Product Type Outlook (Revenue, USD Billion, 2014 – 2025)

    • Non-organic

    • Organic

    • Natural

Target Consumer Outlook (Revenue, USD Billion, 2014 – 2025)

    • Teenagers

    • Adults

    • Geriatric Population

Distribution Channel Outlook (Revenue, USD Billion, 2014 – 2025)

    • On-trade

    • Off-trade & Direct Selling

Regional Outlook (Revenue, USD Billion, 2014 – 2025)

    • North America

        • U.S

        • Canada

        • Mexico

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

        • Japan

        • Thailand

    • Middle East and Africa

    • Central & South America

        • Brazil

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Sugar Substitutes Market Key Players Analysis, Segmentation And Forecast Report till 2024

October 01, 2021: The global Sugar Substitutes Market is predicted to reach USD 19.1 billion in the forecast period owing to the growing customer’s preference towards the low-calorie foodstuffs. Sugar Substitutes are the chemical or plant-based constituents that sweeten the flavor of drinks and foods. They are also known as the “artificial sweeteners” or “non-caloric sweeteners” which are used as an ingredient in processed foods and drinks or as a tabletop sweetener like sweetening a glass of ice tea.

The sugar substitutes are sweeter than sugar, therefore small quantity of these substitutes offer greater level of sweetness. Most Sugar Substitutes are less in calorie or contain no calorie. The growing demand for low-calorie foodstuffs are projected to boost the sugar substitutes market significantly by 2024 with a CAGR of 4.2%. The demand for sugar substitutes is spurring across the globe. Especially in the beverage industry where the sweetness intensity varies from drink to drinks, sugar substitutes are extensively used. The market growth is driven by the factors like quality of the sugar substitutes, the mixture and content in processing foods, the standards enforced by local and international governments.

One of the major drivers of the market is the rise in number of ventures pertaining to food industry. This is because the food industry is the main source of taste and has wide applications in medications too. The rising cost of raw material and the growing supply chain prices are expected to restrain the market in future. However, consumption of high content sugar foods leading to diabetes, heart disease and obesity is also increasing. Currently, people are adopting sugar-free products as a preventive measure for the growing health problems. Most health issues are found among people above 45 years of age and are expected to fuel the sugar substitute market in the coming years.

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Stevia is a unique food ingredient, obtained from plants is best known for restricting the calories in the body. It is gaining demand in the European countries since it can be added to beverages as a sweetener in combination with sucrose. Strict safety standards is a major challenge for the sugar substitutes players. They are required to receive approvals from authorities like Foods Standard Agency before the launch of the product. The beverages and foods that contain artificial sweeteners must essentially follow the guidelines imposed by the regulatory bodies concerning the quantity sweeteners to be used, labeling, marketing and the daily average intake of sweeteners.

The sugar substitutes industry is segmented especially due to the existing of numerous large and small players that strengthen the competition for factors like quality, price, innovation, reputation, packaging, distribution and marketing channels. Such a penetrating competition among the players along with speedy technological variations is a key challenge that affects the operations of the players in the sugar substitutes industry. To stand successfully in such a competitive market, the vendors must distinguish themselves through USP (Unique Selling Proposition).

The sugar substitutes market is categorized on the grounds of product type, composition, application and geography. On the grounds of product type, the market is divided into High-intensity sweeteners, Low-intensity sweeteners and High-fructose syrups. On the grounds of composition, the industry is divided into High-intensity sweeteners and Low-intensity sweeteners. High-intensity sweeteners can be further classified as Stevia, As per tame, Cyclamate, Sucralose, Saccharin, Ace-K, and others. Low-intensity sweeteners can be further classified as D-Tagatose, Sorbitol, Maltitol, Xylitol, Mannitol, Erythritol and others. On the grounds of application, the sugar substitutes industry is divided as Beverages, Food (Confectionery, bakery, dairy and frozen foods) and Health & Personal Care.

Geographically, the sugar substitutes market is sub-segmented as North America, Asia Pacific, Europe, Latin America and rest of the world (RoW). The speedy growth of consuming low-caloric food is observed especially in developing nations like Middle East, Asia-Pacific, Latin America, and Africa. This is predicted to drive the global market. This also results in rising focus of main sugar substitute manufacturers on offering superior quality and safe products with the help of advanced technologies. This is projected to affect the market in terms of quality and quantity.

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The major players in the sugar substitutes industry are Cargill Incorporated, Tate & Lyle PLC, E. I. du Pont de Nemours and Company, Roquette Freres S.A., and Pure Circle Ltd., Ajinomoto Co. Inc., Archer Daniels Midland Company, MacAndrews & Forbes Incorporated, Ingredion Incorporation, and JK Sucralose Incorporation.

Market Segment:

Sugar Substitutes Product Outlook (Volume, Thousand Tons; Revenue, USD Million, 2013 – 2024)

    • High intensity sweeteners

    • Low intensity sweeteners

    • High fructose syrup

Sugar Substitutes Application Outlook (Volume, Thousand Tons; Revenue, USD Million, 2013 – 2024)

    • Food

    • Beverages

    • Others

Sugar Substitutes Regional Outlook (Volume, Thousand Tons; Revenue, USD Million, 2013 – 2024)

    • North America

        • U.S.

    • Europe

        • Germany

    • Asia Pacific

        • China

        • Japan

    • Latin America

        • Brazil

    • MEA

Get in touch

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Animal Feed Antioxidants Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2022

September 03, 2021: The global animal feed antioxidants market size was valued at USD 183.4 million in 2014. Rising meat consumption as a result of increasing awareness toward protein diet is expected to promote the importance of good quality feed ingredients for livestock.

Antioxidants are mainly used in animal feed industry for providing protection of essential nutrients such as vitamins, fats, and pigments from deterioration. Furthermore, these ingredients are capable of extending the storage period as well as the durability of animal feed.

Increasing number of reporting incidences of contagious diseases including foot-&-mouth disease and avian flu among livestock is expected to have a substantial impact. Furthermore, rising spending toward inclusion of cattle management technology in the dairy farming sector of UK and Ireland is expected to expand the application scope in the near future.

Over the past few years, the agriculture industry of developing countries including China, Brazil, and India have been witnessing significant rise owing to increasing expenditure on crop yielding technology. This favorable trend in agriculture sectors is expected to ensure access to corn as well as oilseeds as raw materials to manufacture natural ingredients for the animal feed industry.

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Livestock insights:

Poultry was the largest market, accounting for 34.3% of global share in 2015. Rising demand for frozen chicken as a result of increasing importance of convenience food is expected to increase the consumption of antioxidants among livestock over the forecast period.

Over the past few years, the governments of South Africa and Nigeria have been initiating various policies aimed for the improvement of poultry farming on a domestic level. The above mentioned favorable policy toward the development of poultry farming on a national level is expected to open to increase new applications over the projected period.

The market demand for cattle was 16.0-kilo tons in 2015 and is expected to witness significant gains as a result of increasing outbreaks of diseases including Bovine spongiform encephalopathy (BSE). Furthermore, animal feed antioxidants demand in aquaculture was USD 16.9 million in 2015.

Product insights:

Synthetic products forms held a market volume of over 50% in 2015. They are used on account of excellent stability as well as enhanced shelf life as compared to natural counterparts. Furthermore, low prices of synthetic ones as a result of their high market visibility as a product is expected to have a positive impact.

Natural antioxidants are expected to foresee volume growth over 4% as a result of stringent regulations aimed at limiting the scope of synthetic counterparts for reducing greenhouse gas emissions. However, the predominant consumption of the oilseeds in direct food consumption is expected to decrease the availability of feedstock to the feed ingredients processors.

Regional Insights:

Asia Pacific was the largest market, accounting for 51.5% of global industry share in 2016. The firm foothold of the farming base of cattle, pork and poultry species in China, India, Australia and New Zealand is expected to have a positive impact on the market. However, low adoption rates of antioxidants in unorganized cattle farming sector of developing countries including China and India is projected to hamper the industry growth.

North America market was valued at USD 46.6 million in 2015. The increasing importance of anti-oxidation property for ensuring the durability and high-shelf life for the finished goods in meat processing sector of the U.S. is expected to play a vital role in expanding the market reach in the near future.

Rising disposable income and urban population growth in Middle East countries are projected to increase the demand for derived animal products including meat and dairy derivatives. As a result, livestock vendors are expected to establish new farming units on a domestic level and thus likely to increase the usage of feed ingredients over the forecast period.

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Competitive Insights:

Key vendors include DSM Nutritional Product LLC, Adisseo, DuPont, ADM, Novozymes, BASF, Zhejiang Medicine Co. Ltd., Kemin Industries and AB Vista. Product innovation and the establishment of strategic partnerships with ingredient suppliers are expected to remain key critical success factors for industry participants during the forecast period.

Market Segment:

Animal Feed Antioxidants Product Outlook (Volume Tons, Revenue, USD Million, 2012 – 2022)

        • Natural

        • Synthetic

                • Ethoxyquin

                • Butylated Hydroxyanisole (BHA)

                • Butylated Hydroxytoluene (BHT)

Animal Feed Antioxidants Livestock Outlook (Volume Tons, Revenue, USD Million, 2012 – 2022)

        • Swine

        • Poultry

        • Cattle

        • Aquaculture

        • Others

Animal Feed Antioxidants Regional Outlook (Volume Tons, Revenue, USD Million, 2012 – 2022)

        • North America

        • Europe

        • Asia Pacific

        • RoW

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Meat Substitutes Market Scenario, Strategies and Forecast Analysis Report till 2022

September 02, 2021: The global Meat Substitutes Market size is estimated to reach USD 5.81 billion by 2022, progressing at a CAGR of 7.5% during the forecast period. Meat is an excellent source of protein, but it also contains large quantities of saturated fats and cholesterol. People consuming meat on a daily basis are more prone to health related problems such as atherosclerosis and obesity. Increasing consciousness about personal health and shift in dietary preference towards vegan diet are expected to propel the meat substitutes market over the upcoming period. The rise in demand for a healthy source of proteins and plant-based nutrients is the primary driving force of the market.

Growing health problems such as high blood pressure, heart disease, asthma, diabetes and increasing number of people suffering from obesity all around the globe have led to more and more number of individuals becoming health conscious.  The increasing health concerns about consumption of meat coupled with several animal disease outbreaks in the recent past are the significant factors stimulating the growth of the global market. In the developing regions such as Latin America and Asia Pacific increasing standard of living due to the rising disposable income have propelled the meat substitute consumption. However, per-capita consumption of meat has experienced a decline, especially in developed regions of the world in the recent past.

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Food products which have similar nutrients, taste, and texture of meat, are gaining popularity among consumers. Moreover, growing consciousness towards the advantages of a vegan diet such as improved cardiovascular health, lower heart problems, reduced diabetes & obesity, lower cholesterol risk are projected to impact the global meat substitute market positively. Despite number of benefits of the product over the traditional meat, the absence of consumer awareness and usage of GMO seeds for making the product are the major obstacles for the global meat substitutes market. Furthermore, availability of various low fat – low cholesterol alternatives, higher cost and various health concerns such as soy allergy and intolerance from gluten are expected to pose a threat to the global market.

Raw Material Insights

Meat substitutes are mainly composed of ingredients such as wheat, soy, and others. Soy-based products are amongst the most popular ones and dominates the raw material segment; Soy products accounts for nearly four-fifth of the global market. The regional market such as North America and Latin America is expected to impact positively on growing soy production in these regions. The global soy production is dominated by countries such as Brazil, Argentina, and U.S. which serve half of the global soy demand.

Asia Pacific, Middle East, and Europe are inclined towards wheat production.  Increasing disposable income and standard of living in the emerging economies such as India and China, Asia Pacific region is projected to experience the fastest growth during the forecast period.

Product Insights

Tofu, seitan, tempeh, TVP, Quorn, and other soy based and tofu-based products are the superior meat substitutes. Soy, mycoprotein, and wheat based are the main ingredients for this product. Textured vegetable protein (TVP) leads the global consumption market followed by tofu based products among all the other products. Other products occupy smaller sections of the markets.

Research and development activities are being carried out to develop cheaper but excellent substitutes giving plenty of growth opportunities for the industry players. So as to commercialize the products, high costs are spent on R&D activities which are expected to hamper the market development.

Regional Insights

In the past few years, Europe dominated the global meat substitute market followed by North America and Asia Pacific. Increasing soy production in the United States is projected to drive the regional market. Moreover, growing population in the developing regions of the world coupled with rising convenience food demand is expected to further expand the meat substitute market in the upcoming seven years.

The emerging areas provide ample opportunities for the current as well as new market players of the industry. Diverse regions account for availability of different raw materials such as North America is considered for soy-based production and regions like Europe and Asia Pacific are considered for wheat-based production. Such type of scenario is likely to provide significant growth to the particular regional markets.

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Competitive Insights

Key industry players are investing in research and development activities to manufacture superior quality products as well as increase their product portfolio. Archer Daniels Midland produces TVP and dominates the global market accounting for more than half the market share. Partnerships and collaborations are the major strategies adopted by leading companies to stronghold their product offerings in the industry. Major market participants include Vbites foo Ltd., Morning Star Farms, MGP Ingredients Inc., Quorn Foods, Meatless B.V, Garden Protein Internationsl Inc., Amy’s Kitchen Inc., Cauldron Foods UK and Beyond Meat.

Market Segment:

Meat Substitutes Raw Material Outlook (Revenue, USD Million, 2012 – 2022)

    • Soy-based

    • Wheat-based

    • Mycoprotein

    • Others

Meat Substitutes Product Outlook (Revenue, USD Million, 2012 – 2022)

    • Tofu

    • Tofu-based

    • Tempeh

    • Textured Vegetable Protein (TVP)

    • Other Soy Products

    • Seitan

    • Quorn

    • Others

Meat Substitutes Regional Outlook (Revenue, USD Million, 2012 – 2022)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

        • France

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

    • Middle East and Africa

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Cinnamon Market Share, Segments, New Opportunity, Outlook And Top Players till 2025

August 26, 2021: The global Cinnamon Market was valued at US$ 760.2 million in 2018 and is estimated to grow at a CAGR of 13.8% and will touch the value of US$ 1.9 billion by the completion of the year 2025. This could be attributed to the ever-increasing awareness regarding health benefits provided by cinnamon. Healthy food habits and nutrition are topping the agenda of modern lives these days.

As such, cinnamon has found its presence in food & beverage sector as a preservative for loads of food products; basically due to its anti-fungal and anti-bacterial properties. Besides, healthcare experts opine that cinnamaldehyde; one of the active components in cinnamon oil; does help in the prevention of blood platelets’ undesirable clotting.

Market Scope:

The market’s growth is also getting impacted by the customers’ rising inclination toward cinnamon’s online purchase. Competitive pricing and shopping convenience catalyze online sales of cinnamon. Moreover, ease in the product’s accessibility makes it easily available.

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Market Segmentation:

The cinnamon market is segmented based on product, application, distribution channels, and geography. By product, the segmentation goes like Ceylon, Saigon, Korintje, Cassia, and others (Malabar, Indian, and more). By application, the cinnamon industry goes like medicines, cosmetics, and food & beverage. By distribution channel, the segmentation states supermarkets, hypermarkets, online retailers, specialty stores, and convenience stores. By geography, the same market says North America, Europe, Asia Pacific, LATAM, and MEA.

Regional Insights:

Asia Pacific rules the roost due to presence of prominent economies producing cinnamon herein. Plus, extensive research is being carried out regarding medical applications. This is likely to drive the cinnamon market in North America (Canada in particular, as it is a home to chain of restaurants). Europe could also follow suit. LATAM is slowly picking up due to Brazil taking the lead.

Players:

The players contributing to the cinnamon market include Adam Group, Elite Spice, HDDES Group, EOAS International, EHL Ingredients, C.F. Sauer Company, Bio Foods (Pvt.) Ltd., Ceylon Spice Company, Bart Ingredients, and ACH Food Companies.

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Market Segment:

Cinnamon Product Outlook (Revenue, USD Million, 2015 – 2025)

    • Ceylon

    • Cassia

    • Saigon

    • Korintje

Cinnamon Application Outlook (Revenue, USD Million, 2015 – 2025)

    • Residential

    • Commercial

Cinnamon Region Outlook (Revenue, USD Million, 2015 – 2025)

    • North America

        • U.S.

    • Europe

        • Germany

        • U.K.

    • Asia Pacific

        • Japan

        • India

    • Central & South America

        • Peru

    • Middle East & Africa

        • UAE

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At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

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Chicory Market Share, Segments, New Opportunity, Outlook And Top Players till 2025

August 26, 2021: The scope of the global Chicory Market was projected at US$ 220.6 million in 2018 and is estimated to develop by a CAGR of 4.2% for the duration of the forecast. The chicory industry is expected to touch US$ 294.2 million by the completion of 2025.

The Chicory (Chi corium intybus) is, to some extent, a recurrent herbaceous plant of the dandelion group. Generally, it is having flowers with bright blue color. It hardly has pink or white flowers. It originates all over portions of Europe, Africa, and additionally comfortable areas of the world. Usually its roots are treated for foodstuff & beverage manufacturing. The leaves of the plant are also in demand in markets, everywhere in the world. The leaves are utilized in the making of salads and consumed uncooked as vegetation.

The products of chicory largely consist of three type’s; inulin, flour, and roasted. Each category has its own respective industry of application. Due to the flavor and medicinal result of chicory the industry will require additional products. Therefore, it has an enormous market prospective in the future. The companies operating in the field are trying to manufacture the product having better quality by means of refining the technology.

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Drivers:

Growing alertness about the fitness benefit of it is the fundamental motivator of the development. Chicory is utilized for the treatment of cancer, high blood pressure, constipation, gallbladder complaints, loss of appetite, and other health situations. In the situation of inflammation and swelling the paste of leaves can be openly applied on skin. Despite of the fitness profits, use in the manufacturing of foodstuff & beverage is expected to trigger the demand for the product, furthermore.

Increasing demand for gluten-free starters is expected to increase its ingestion in Europe. Overview of inventive chicory formulas is expected to increase the demand for the product. Growing usage of it in appetizers, salads and by way of the substitute to crackers and gluten comprising products is expected to additionally motivate its ingestion. The companies operating in the market are increasing their volume of processes and storing to encounter the increasing demand. The dealers are watching to take advantage of this development by way of developing additional pre-packaged choice for the customers.

Classification:

The global chicory market can be classified by Application, Product, Type, and Region. By Application it can be classified as Dietary Supplement, Foodstuff & Beverages, Healthcare Products & Medicines and others. By Product, it can be classified as Leaf, Root. By Type, it can be classified as Inulin, Flour, Roasted and others.

Regional Lookout:

By Region the global chicory industry can be classified as North America, Europe, Asia Pacific, and Rest of the World. Europe held the principal share of the market (82.2%) in 2018. Growing alertness regarding fitness and drinking of chicory coffee are the most important motivators for the local market development. Belgium was responsible for 47.3% share of the global income during 2018. Growing demand for sugar substitutes is expected to motivate the local market during the period of forecast.

North America is projected to develop by a CAGR of 5.2% during period of forecast. Growing production together with the increasing alertness about the fitness welfares of the product is estimated to motivate the market. The U.S.A. is one of the biggest customers and was responsible for above 80% share of the market in North America, during 2018.

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Companies:

Some of the important companies for chicory market are FARMVILLA, Violf, Sensus, Beneo, PMV Nutrient Products, Leroux, Cosucra, Jamnagar Chicory Industries, Nature’s Gold Production, Leroux, Wilmar Delecto Foods Pvt. Ltd., STOKROS Company Ltd., Organic Herb Trading Co., Pioneer Chicory, Star west Botanicals and Cargill, and Incorporated.

Market Segment:

Chicory Product Outlook (Revenue, USD Million, 2015 – 2025)

    • Chicory Root

    • Chicory Leaf

Chicory Application Outlook (Revenue, USD Million, 2015 – 2025)

    • Food & Beverage

    • Dietary Supplement

    • Others

Chicory Region Outlook (Revenue, USD Million, 2015 – 2025)

    • North America

        • U.S.

    • Europe

        • Belgium

        • France

        • Netherlands

    • Asia Pacific

        • Thailand

    • Rest of the World

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

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